Kinetik (KNTK) Stock Price, News & Analysis

Company Overview

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. The company was founded in 2017 and is based in Houston, Texas.

Key Stats

• Today's Range: $56.91 to $57.43
• 50-Day Range: $47.76 to $62.27
• 52-Week Range: $31.73 to $62.55
• Volume: 48,319 shs
• Average Volume: 522,212 shs
• Market Capitalization: $9.03 billion
• P/E Ratio: 21.15
• Dividend Yield: 5.44%
• Price Target: $53.00
• Consensus Rating: Moderate Buy

Kinetik Stock Analysis - MarketRank™

Kinetik scored higher than 50% of companies evaluated by MarketBeat, and ranked 167th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kinetik has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kinetik has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 81.48%

Earnings Growth

Earnings for Kinetik are expected to grow by 81.48% in the coming year, from $1.35 to $2.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kinetik is 21.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.12.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kinetik is 21.28, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.50.

Price to Earnings Growth Ratio

Kinetik has a PEG Ratio of 2.83. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for KNTK.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Kinetik is a leading dividend payer. It pays a dividend yield of 5.44%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Kinetik does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kinetik is 115.13%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Kinetik will have a dividend payout ratio of 127.35% in the coming year. This indicates that Kinetik may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for KNTK.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.03

News Sentiment

Kinetik has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Kinetik this week, compared to 4 articles on an average week.

Search Interest

Only 7 people have searched for KNTK on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

5 people have added Kinetik to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Kinetik insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.71% of the stock of Kinetik is held by insiders.

Percentage Held by Institutions

Only 21.11% of the stock of Kinetik is held by institutions.

KNTK Stock Analysis - Frequently Asked Questions

How have KNTK shares performed this year?

Kinetik's stock was trading at $33.40 at the beginning of 2024. Since then, KNTK stock has increased by 72.7% and is now trading at $57.68.
View the best growth stocks for 2024 here.

How were Kinetik's earnings last quarter?

Kinetik Holdings Inc. (NASDAQ:KNTK) released its earnings results on Wednesday, November, 6th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.10. Kinetik's quarterly revenue was up 20.0% compared to the same quarter last year.

When did Kinetik's stock split?

Kinetik's stock split on the morning of Thursday, June 9th 2022. The 2-1 split was announced on Thursday, June 9th 2022. The newly minted shares were payable to shareholders after the closing bell on Thursday, June 9th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Kinetik's major shareholders?

Kinetik's top institutional investors include Kayne Anderson Capital Advisors LP (0.61%), Geode Capital Management LLC (0.56%), State Street Corp (0.53%) and Zimmer Partners LP (0.51%). Insiders that own company stock include Jamie Welch, Matthew Wall, Anne Psencik, Todd Carpenter, Trevor Howard and Corp Apache.
View institutional ownership trends.

How do I buy shares of Kinetik?

Shares of KNTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Kinetik own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kinetik investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Chevron (CVX), Netflix (NFLX) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 11/7 Dividend: 10/28/2024
• Last Earnings: 11/06/2024
• Dividend Payable: 11/07/2024
• Today: 12/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:KNTK
• CUSIP: N/A
• CIK: 1692787
• Web: www.altusmidstream.com
• Phone: (713) 621-7330
• Fax: N/A
• Employees: 200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $53.00
• High Stock Price Target: $61.00
• Low Stock Price Target: $43.00
• Potential Upside/Downside: -8.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.71
• Trailing P/E Ratio: 21.28
• Forward P/E Ratio: 42.73
• P/E Growth: 2.83
• Net Income: $386.45 million
• Net Margins: 30.25%
• Pretax Margin: 19.48%
• Return on Equity: -39.48%
• Return on Assets: 6.56%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.72
• Quick Ratio: 0.72

Sales & Book Value

• Annual Sales: $1.45 billion
• Price / Sales: 6.28
• Cash Flow: $4.60 per share
• Price / Cash Flow: 12.53
• Book Value: ($3.51) per share
• Price / Book: -16.43

Miscellaneous

• Outstanding Shares: 157,537,000
• Free Float: 151,692,000
• Market Cap: $9.09 billion
• Optionable: Optionable
• Beta: 2.95